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The Mortgage Renewal Wave Just Peaked — Here's What the Data Actually Shows

Published August 30, 2026 For three years, "the mortgage renewal wall" has been the scariest phrase in Canadian personal finance — the idea that a flood of ultra-cheap, pandemic-era mortgages would come due at much higher rates and trigger a wave of forced sales. That wall is now mostly behind us. Two new 2026 surveys, one from Royal LePage and one from Rates.ca, show what actually happened when it hit. The short version: it hurt, budgets tightened hard for a lot of people, but the mass default many feared simply didn't show up. The last big group is renewing right now Royal LePage's 2026 Mortgage Renewal Survey, released August 19 and based on a Leger poll of 1,127 Canadians renewing this year, pins down where things stand: about 12% of all outstanding Canadian mortgages are five-year, fixed-payment loans taken out during the 2020–2022 ultra-low-rate window, and this is their last major renewal wave. The Bank of Canada's overnight rate sat at just 0.25% through m...
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Australia Decides: Voters Head to the Polls in Pivotal Election

Australians are casting their votes today in a national election that could shape the country’s future for years to come. Prime Minister Anthony Albanese’s Labor Party is facing off against the conservative opposition led by Peter Dutton, with key issues such as cost-of-living pressures, affordable housing, and energy policy dominating the campaign.

Polling stations opened early across the country, with voters lining up to make their voices heard. Both major parties have focused on economic concerns, but global uncertainty—particularly the influence of U.S. President Donald Trump’s policies—has played a significant role in shaping voter sentiment.

Albanese, seeking a second term, has emphasized his government’s achievements, including rising wages and declining inflation. Meanwhile, Dutton has promised to cut government spending and reduce immigration, positioning himself as a strong alternative to Labor’s leadership.

With opinion polls showing a tight race, the outcome remains uncertain. As ballots are counted, Australians await the results that will determine the nation’s direction in the coming years.

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